Fiscal incentives in the form of a tax cut introduced by the government resulted in a slight increase in sales of luxury homes and apartments in June and early July, according to property marketing firm Lamudi. Lamudi recorded that sales of homes with prices starting from Rp 10 billion (US$710,985), such as those in South […]
Read MoreThe House of Representatives and the government have agreed on a set of macroeconomic assumptions that will form the basis for the 2020 state budget. The agreement projects accelerating gross domestic product (GDP) growth. “Economic growth was agreed at 5.2 to 5.5 percent,” said Golkar Pary lawmaker John Kenedy Aziz when reading out a report of […]
Read MoreBank Indonesia’s (BI) latest assessment on the country’s consumer confidence revealed that domestic consumers have a largely optimistic outlook on the present economic situation, although they are less upbeat in their expectations for the next six months. The consumer confidence index (IKK) was down to 126.4 in June from 128.2 in the previous month as […]
Read MoreIndonesia’s coal price reference (HBA) dropped by 11.73 percent to US$71.92 per metric ton in July from $81.48 per metric ton in the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said on Thursday that the decline was due to external factors, particularly a production increase in China, import cuts by India and […]
Read MoreThe government has decided to increase the salaries of board of directors of state-owned enterprises (SOEs) this year, based on a regulation issued by the SOEs minister on May 31. The salary increase is based on Regulation No. PER-01/MBU/05/2019, which was an amendment of Regulation No. PER-04/MBU/2014 on the income of boards of directors, boards […]
Read MoreThe number of domestic tourists in Bali from January to April decreased to 363,161, marking an 11 decrease in tourists from the same period in 2018, according to Colliers International Indonesia, which blamed high airfares on the slowdown in tourism. The hotel occupancy rate also decreased, dropping to 62.7 percent in the second quarter of 2019, a 2 percent decrease from the second quarter […]
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Thailand
